The depth has definitely improved. The OI in ZN is way up as well. It takes some serious size to move this market now.
yeah just joking looking to buy dips now spooz have no bottom in sight! I might fade something up here we'll see.
probably (paid) leak as always in the past year. wonder what hoenig is going to say today... any guesses?
Reuter UPDATE 1-W.House sees chance of jobs number revision Thu Feb 4, 2010 1:29pm EST Related News * W.House - likely to see jobs number revision Fri. 1:05pm EST (Clarifies that Gibbs has not seen January jobs data in advance, adds background) Currencies | Bonds WASHINGTON, Feb 4 (Reuters) - A White House spokesman said on Thursday it was possible that a jobs report due on Friday could include a revision in monthly data showing more jobs were lost in the recession than previously been thought. White House spokesman Robert Gibbs said he was not making a prediction and had not seen official data in advance, but rather had read a news article that pointed to the possibility of a revision. "There will be a jobs revision I'm told tomorrow that's likely to show additional job loss at the first part of the recession that started in December 2007, making the whole of job loss that we've dealt with even deeper," Gibbs said. Pressed on the issue, he later made clear he had no access to official January jobs data to be released on Friday by the Labor Department. He said he had read a news article about the topic. January monthly payrolls data, scheduled for release at 8.30 a.m. EST (1330 GMT) on Friday, is forecast to show a net 5,000 U.S. jobs were created last month but the rate of unemployment is seen creeping up to 10.1 percent. (Reporting by Patricia Zengerle, editing by Eric Walsh)
this is given and around 900k revision down. the same was happening 4 years ago but with an opposite sign. by ignoring businesses that are created and stop exist during the reported period the data usually looks worse in good times and better in bad times. it is irrelevant to markets though as this is continually priced in and gets reflected in retail sales, jobless claims, continuing claims etc...